SDRL - Mandatory notification of trade

Published 2:35 AM ET Thu, 4 Sept 2014
Globe Newswire

HAMILTON, Bermuda, Sept. 4, 2014 (GLOBE NEWSWIRE) -- Seadrill Limited ("Seadrill") has settled a Total Return Swap agreement (TRS) expiring on September 3, 2014 with 4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently entered into a new TRS agreement with exposure to 4,000,000 Seadrill Limited common shares. The expiry date for the new TRS is December 3, 2014 and the reference price is NOK233.3833 per share.

Seadrill currently has a holding of 324,740 of its own treasury shares.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.